by Bob Walsh
As of market close yesterday the stock market had undergone an official correction, that is about 10% of total market value. My own deferred comp account is down about 1%. (Good planning and diversification helps.)
In seven of the last eight corrections the market has fully recovered the losses in less than six weeks after the correction. I don't expect it to happen that fast this time around because the Covid-19 situation is very unlikely to work itself out in less than a few months, and the supply chain issues may continue for that long.
1 comment:
Typo. That should read 16 weeks, not six weeks. My bad. Too much Rainier Ale.
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